Thread regarding Fiserv Inc. layoffs

Layoffs? Another lie spread on this board....

can't believe anything posted here.....pigeons....

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Post ID: @OP+1cIkwkvO

13 replies (most recent on top)

Have a "friend of a friend whose cousin knows somebody" who reports out of Clarity. FISV had a 1K headcount reduction in September.

As an aside, I got the 'it's only gonna be contractors who are let go" message too. Directly from the mouth of our mgmt chain. That was a lie, it turns out.

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Post ID: @Ckrd+1cIkwkvO

To those head in sand people who said fiserv doesn’t do layoffs, how wrong you were. Fiserv did go through layoffs.

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Post ID: @Cbvc+1cIkwkvO

Lmfao this aged like milk. Bet OP got laid off.

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Post ID: @9sth+1cIkwkvO

There is a lot of contractors at Fiserv, specially after the merger, as they are utilizing M&I budget. So many layoff's are just contractor contracts not being renewed as the use for that contractor might be over. Every business do this, as it saves them from taking a payroll expense vs. business expense. Basically creative accounting, but every large size company does it.

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Post ID: @2gqz+1cIkwkvO

Layoffs are most certainly coming. Sooner than later.

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Post ID: @2jtv+1cIkwkvO

@@1akf+1cIkwkvO WHAT?!?!? Of course Fiserv lays off. So did First Data. Frank is the king of RIF's. You're either lying or delusional.

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Post ID: @2mem+1cIkwkvO

Excels being populated. Salary savings being counted. Synergies being realized.

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Post ID: @2who+1cIkwkvO

Fiserv does NOT do layoffs. Period

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Post ID: @1akf+1cIkwkvO

Jack Welch is the defacto guru of management practice in the business world in the 21st century. You couldn’t walk in the room without a plan to achieve 7% productivity.

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Post ID: @fnv+1cIkwkvO

Lol Frank is losing control. FiRIF will be out of business before year's end.

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Post ID: @sce+1cIkwkvO

5 percent RIF is common knowledge as posted previously here people will be leaving though the month. Makes no sense since most divisions have lost more than that that in 21. Buyer beware! Missing delivery dates in contracts? don't accept Fiserv's financial penalties add breach of contract clauses as well damages paid directly (no flex credits). This company does not make its commitments.

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Post ID: @mlr+1cIkwkvO

There was an explicit and pointed question about it in one of the calls with upper mgmt, and there was no attempt whatsoever to deny it, instead they claimed that business have the right and the duty to "right size" the workforce.

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Post ID: @dpu+1cIkwkvO

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